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GRAND RAPIDS, MI-Keebler Co.'s agricultural processing plant is saved here with an agricultural renaissance zone. Besides spending $12 million a year on agricultural products produced in the state, the subsidiary of the Kellogg Co. plans $35 million in private investment.
CARLSBAD, CA-A locally based engineering firm leases the entire Atrium II office building in Carlsbad for a total consideration of $6.7 million. Encompassing 32,196 sf, the property is located at 2710 Loker Ave. West.
ATLANTA-The locally based hotel owner/operator expects the effective date of the plan will be near Dec. 5, or within 30 days after the U.S. Bankruptcy Court for the Southern District of New York confirmed the plan on Nov. 5.
SAN BRUNO, CA-A $105 million redevelopment project will give the Shops at Tanforan a brand new look, add a new state-of-the-art cinema complex and a variety of restaurants.
SEATTLE, WA-The aerospace giant adds five years to a 211,000-sf lease at SeaTac airport in Seattle and signs a two-year extension of its 101,000-sf lease near Los Angeles International Airport, both without rent increases.
AUSTIN-Supporters of the $15-million Mexic-Arte Museum can push full throttle on fund-raising now that council nixed historic zoning on a significantly altered building with parts that date to 1869.
ARLINGTON, TX-The final signing triggers a $300,000 rehab on Casa Madrid in Arlington and gets repair crews going on four units, which burned right before closing. The 93%-occupied property signals a market return by the California buyer.
ATLANTA-Post Properties Inc. president and CEO David Stockert tells analysts that he too has heard the rumors--but he stoppped short of confirming or denying that the locally based apartment REIT might be sold or merged.